THE REGRESSORS OF FINANCIAL WELL-BEING AMONG LGU EMPLOYEES IN DAVAO DEL NORTE
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| Format: | Recurso digital |
| Langue: | anglais |
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2025
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| _version_ | 1866902176984465408 |
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| author | DYNA MAE L. CLARO1*, JOSEPH ELMER G. NOVAL, EdD, DM2 |
| author_facet | DYNA MAE L. CLARO1*, JOSEPH ELMER G. NOVAL, EdD, DM2 |
| contents | <p><em><span>Financial well-being is a vital aspect of an individual’s ability to manage obligations, prepare for financial shocks, and maintain long-term stability. Despite stable employment, many public sector workers in the Philippines still struggle with financial preparedness and responsible credit management, revealing a persistent gap in understanding the factors that shape their financial well-being. This study aimed to determine the regressors of financial well-being among LGU employees in Davao del Norte, focusing on financial literacy, accessibility, availability, affordability, and usage of financial services. A descriptive-correlational design was employed, using validated survey questionnaires distributed to 300 LGU employees. Statistical tools included mean, standard deviation, Pearson r, and multiple regression analysis. Significant relationships were observed between variables. The regression analysis indicated that accessibility, availability, affordability, and usage significantly predict financial well-being, while financial literacy was not a significant predictor. These findings imply that while financial literacy remains important, LGUs and policymakers should prioritize enhancing access and affordability of financial services. The study highlights the need for behavior-based financial literacy programs and inclusive financial systems that empower employees to achieve lasting financial security.</span></em></p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_17775590 |
| institution | Zenodo |
| language | eng |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | THE REGRESSORS OF FINANCIAL WELL-BEING AMONG LGU EMPLOYEES IN DAVAO DEL NORTE DYNA MAE L. CLARO1*, JOSEPH ELMER G. NOVAL, EdD, DM2 Accessibility, affordability, business management, financial literacy, financial well-being, usage. <p><em><span>Financial well-being is a vital aspect of an individual’s ability to manage obligations, prepare for financial shocks, and maintain long-term stability. Despite stable employment, many public sector workers in the Philippines still struggle with financial preparedness and responsible credit management, revealing a persistent gap in understanding the factors that shape their financial well-being. This study aimed to determine the regressors of financial well-being among LGU employees in Davao del Norte, focusing on financial literacy, accessibility, availability, affordability, and usage of financial services. A descriptive-correlational design was employed, using validated survey questionnaires distributed to 300 LGU employees. Statistical tools included mean, standard deviation, Pearson r, and multiple regression analysis. Significant relationships were observed between variables. The regression analysis indicated that accessibility, availability, affordability, and usage significantly predict financial well-being, while financial literacy was not a significant predictor. These findings imply that while financial literacy remains important, LGUs and policymakers should prioritize enhancing access and affordability of financial services. The study highlights the need for behavior-based financial literacy programs and inclusive financial systems that empower employees to achieve lasting financial security.</span></em></p> |
| title | THE REGRESSORS OF FINANCIAL WELL-BEING AMONG LGU EMPLOYEES IN DAVAO DEL NORTE |
| topic | Accessibility, affordability, business management, financial literacy, financial well-being, usage. |
| url | https://doi.org/10.5281/zenodo.17775590 |